Within the space of a year, the West has moved from a world awash with money, high employment levels and ultra-low interest rates, to one of rising interest rates, lower growth and predicted high unemployment.
This can be seen across North America, Western Europe and Asia, as well as Australia.
Central banks around the world – from the Bank of England, the United States Federal Reserve and the European Central Bank, as well as Australia’s Reserve Bank – have all responded in exactly …
